What fees are involved with a personal loan?

At First Choice, there are no fees associated with personal loans.

What are personal loans?

Personal loans are unsecured credit based products (your money) borrowed from your credit union, or bank. This money then has a repayment cycle in monthly installments.

For First Choice, we offer a 9.99%APR (as of August 2018).

As there is no collateral for these loans, the rates tend to be a little higher than other products.

To counter this, in the best interest of our members, we have created two Board Special Loans. These loans have a fixed term, borrowing amount and lower rate than the Personal Loan rate.

The application of these loans are practically unlimited:

  • Vacations
  • Minor home repair
  • Orthodontics
  • Home upgrades

A personal loan may be the solution for you, if the above (and more) apply.

Spread the love